【Coin World】There are new developments on the XRP Ledger. Ripple has newly minted 10 million RLUSD on-chain, pushing the total market capitalization to 1.26 billion USD.
Looking back at the records from the past few months, you'll find that their issuance pace has been quite intense: on October 22, a single release of 24.5 million coins, followed by an additional 5 million on the 28th, and a direct 36 million at the end of the month on the 31st. November was even more aggressive—on the 3rd, 50 million were issued, symbolically adding 2 million on the 19th, and then another 15 million on the 25th.
This scale has allowed RLUSD to squeeze into the 12th seat among global USD stablecoins, leaving TUSD and GUSD behind. It's important to note that this sector is primarily divided between USDT and USDC, and RLUSD's ability to establish a foothold in the third tier indicates that Ripple still has some ideas in the stablecoin battlefield.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
8
Repost
Share
Comment
0/400
LiquidityWhisperer
· 11-29 14:26
Is Ripple going crazy in the market? In just a few months, tens of millions of these are getting dumped, can they really hold the price?
View OriginalReply0
SoliditySurvivor
· 11-29 07:26
Ripple is going to compete hard with USDT. Can crazy money printing work?
View OriginalReply0
LiquidatedNotStirred
· 11-29 02:50
Wow, this rhythm is a bit intense, Ripple really wants to stir things up in the stablecoin sector.
Forget it, USDT and USDC have already locked down the market tightly, RLUSD can't break through no matter how much it issues.
With such a fierce issuance of coins, aren't they afraid of creating a bubble?
It would be nice if RLUSD could rank in the third tier, but its future still depends on real user demand.
Is Ripple planning for a long-term battle? They need to invest tens of millions every month, which feels a bit exhausting.
To be honest, the stablecoin market is already saturated; no matter how much more they issue, it's just fighting over the scraps.
1.26 billion is still somewhat impressive, but compared to USDT's hundreds of billions, the gap is obvious.
View OriginalReply0
CodeSmellHunter
· 11-26 21:47
With such a fierce pace of issuance, Ripple really wants to get a share of the stablecoin pie.
View OriginalReply0
ThreeHornBlasts
· 11-26 21:46
Oh, this rhythm is quite something. Is Ripple trying to go head-to-head with USDT?
---
The sudden surge of RLUSD issuance, is this an attempt to carve out a share in the stablecoin market?
---
1.26 billion market capitalization sounds like a lot, but compared to USDT, it's still a little brother.
---
Continuous and intensive issuance is a bit concerning, brother. How much demand support is there?
---
It's good to shake off TUSD and GUSD, but is the third tier really stable?
---
Issuing like this, will it end up backfiring?
---
I admire Ripple's determination; the stablecoin ecosystem needs more competition.
---
At the end of the month, a three-time issuance of 50 million, this level of operation is indeed fierce.
---
I just want to know where all this RLUSD is ultimately flowing to, real demand or inventory?
---
Will there be more increases in December? Continuously piling up like this is quite frightening.
View OriginalReply0
SchrodingerWallet
· 11-26 21:43
Ripple is in a hurry, pouring money into the stablecoin track non-stop... To put it bluntly, they still want to take a slice of the cake from USDT.
View OriginalReply0
LightningLady
· 11-26 21:42
Ha, Ripple is really serious about this, even stablecoins want a share of the pie.
Continuous explosive issuance, this pace shows they are very anxious.
USDT and USDC have already locked down the market, RLUSD forcibly squeezing into the top 15 is quite an achievement.
But I wonder if this crazy issuance will lead to dumping...
View OriginalReply0
MysteryBoxOpener
· 11-26 21:37
Look at the frequency of this issuance... Ripple really wants to get a piece of the stablecoin pie, the pace is quite fierce.
Ripple has continuously issued RLUSD, changing the landscape of the third tier in the stablecoin market.
【Coin World】There are new developments on the XRP Ledger. Ripple has newly minted 10 million RLUSD on-chain, pushing the total market capitalization to 1.26 billion USD.
Looking back at the records from the past few months, you'll find that their issuance pace has been quite intense: on October 22, a single release of 24.5 million coins, followed by an additional 5 million on the 28th, and a direct 36 million at the end of the month on the 31st. November was even more aggressive—on the 3rd, 50 million were issued, symbolically adding 2 million on the 19th, and then another 15 million on the 25th.
This scale has allowed RLUSD to squeeze into the 12th seat among global USD stablecoins, leaving TUSD and GUSD behind. It's important to note that this sector is primarily divided between USDT and USDC, and RLUSD's ability to establish a foothold in the third tier indicates that Ripple still has some ideas in the stablecoin battlefield.